Taxation of part surrenders of life insurance bonds – 'a frankly ludicrous result'
The tax regime governing part surrenders of life insurance bonds in ITTOIA 2005 Ch 9 Pt 4 has drawn severe criticism fro...
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Technical
Sports Clubs – unjust enrichment
Background We wrote to HMRC about their approach to refunds to sports clubs as outlined in Revenue and Customs Brief 25...
Disabled people and their carers
An update on the tax rules In recent years there has been a substantial growth in th
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Rating the Autumn Statement
In the past we have been asked by the House of Commons’ Treasury committee to report on how well the Budget met its six ...
Towards a TMA for Welsh taxes
The Wales Bill received royal assent on 17 December 2014. The Wales Act 2014 includes provision for:
Reform of close company participator rules
It was announced in the Autumn Statement 2014 that the government has completed its review into the tax charge on loans ...
Proposed new rules for dismembering and resolving enquiries
The Autumn Statement included the announcement that the government would ‘consult on a proposal to introduce a new power...
The meaning of 'dwelling' – update
Background VATA 1994, Schedule 8, Groups 5 and 6 make provision for the zero-rating of dwellings.
Not yet conforming
Background The tax tribunal decided in Rapid Sequence that it could interpret the words of UK legislation so that they ...
Prohibition of corporate members of LLPs
Readers may recall that earlier this year a discussion paper was published by the Department for Business Innovation, an...